Market Research Reports- Consulting Analysis Crystal Market Research Cochlear Implants Market | Page 2

In 2016, unilateral implants segment held a major share of the overall cochlear implants market, as the
surgery for unilateral implants in done at a lower cost as opposed to bilateral implants. Bilateral implants
market will exhibit fastest growth rate over the forecast period, due to the exceptional results of these
implants for children. Children who have undergone bilateral implantation benefit from the implants to
localize sources of sound and recognize speech in noisy environment at home or school. On an average,
children with bilateral implants perform better than unilateral implants on tests of movement tracking and
localization.
Adults segment dominated the global market in 2016, due to the presence of large number of adult
patients suffering with hearing loss as compared to children. Cochlear implants enhance communication
ability in most of the adults suffering from severe to profound deafness which in turn deliver positive
social and psychological benefits. Pediatrics segment will exhibit fastest growth rate over the forecast
period, due to availability of favorable reimbursement policies for implants in children. For instance, the
Belgian National Institute for Health and Disability Insurance provides reimbursement for bilateral
cochlear implants in children less than 12 years of age since 2010. Also, the government of India provides
reimbursement for cochlear implant procedures for prelingually deaf children from age group between 1
to 16 years. In 2016, Europe accounted for the major share of the global cochlear implants market, owing
to the presence of large patient base, rapidly growing elderly population, and increased adoption of
implants due to improved healthcare infrastructure in the region. North America held the second largest
share of the overall market and is expected to witness an impressive growth over the forecast period, due
to rising prevalence of hearing loss, high adoption of advanced products, and well-established healthcare
infrastructure. According to the National Institute of Deafness and Other communication Disorders, out of
every 1,000 children in U.S., around 2 to 3 children are born with a detectable hearing loss in either one
or both ears.
Request a sample copy of Cochlear Implants Market Research Report @
http://www.crystalmarketresearch.com/report-sample/HC052
Some of the key players operating in this market are William Demant Holding A/S, Cochlear Ltd., MED-
EL, Gaes Group, Sonova Holding AG, SeboTek Hearing Systems, LLC, Nurotron Biotechnology Co.
Ltd, Audina Hearing Instruments, Inc. and GN Store Nord A/S. These companies are highly focused on
continuous innovation in technology to produce more sophisticated implants. For instance, in 2016,
Cochlear announced the commercial availability of two new bone conduction sound processors, Cochlear
Baha 5 and Baha 5 superpower.
Key Findings of the Research Study:

Unilateral implants held the largest share of the global market in 2016, as the cost of unilateral
procedure is low.